Global Regulators Target Unauthorised 'Finfluencers'

Imagine people on social media giving money advice, but some are breaking the rules.

The UK's financial watchdog, along with others from around the world, are working together to stop these 'finfluencers.'

They are taking action, which includes making arrests and sending warnings.

The authorities are also asking social media platforms to remove posts.

Lawmakers are also checking how social media companies are dealing with these influencers.

They want to ensure the platforms take down bad content quickly, because some influencers may tout risky products, like cryptocurrencies, using a lavish lifestyle to appear successful.